Basic Retirement Sum (BRS) Full Retirement Sum (FRS) is 2 x BRS Enhanced Retirement Sum (ERS) is 3 x BRS How much is the retirement sum? The following Full Retirement Sum applies to members who turned 55 from 1 July 2003 to 2015: ...
Basic Retirement Sum or Full Retirement Sum (FRS = BRS x 2) orEnhanced Retirement Sum (ERS = BRS x 3). Whenever a Singaporean turns 55, the OA and SA will combine to make the Retirement Account. The CPF member will draw a lump sum, leaving the retirement sum behind in the RA to ...
CPF is a contributory retirement benefit scheme for county employees where both the employer and employee contribute for the benefit of the employee. Counties stick with CPF for pension, says Ongwae Cynthia Frisina, executive director and co-founder of Reaching for the Stars, an educator, and le...